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7:06, 03 October 2018

BitMEX Taps Former Hong Kong Regulator as Chief Operating Officer

BitMEX Taps Former Hong Kong Regulator as Chief Operating Officer

bitmex cryptocurrency exchange

BitMEX, 1 of the largest cryptocurrency trading platforms, has named Angelina Kwan, formerly managing director and head of regulatory compliance for Hong Kong Exchanges and Clearing Limited (HKEX), as its chief operating officer. Kwan, who joins the business as it rides exceptional growth, will work with regulators worldwide to develop guidelines that will help cryptocurrency&rsquos continued development.

24 Years of Leadership Expertise

Kwan, who will be based in Hong Kong, mentioned she hopes her knowledge operating with regulators worldwide will support her in building a &ldquoconstructive dialogue&rdquo with regulators, she told the South China Morning Post.

China and South Korea last year banned digital coin sales although other markets such as Hong Kong have not fully regulated cryptocurrency. Norman Chan Tak-lam final month stated cryptocurrency trading carries higher risk although the city&rsquos investment regulator, the Securities and Futures Commission of Hong Kong, has warned about fraud and manipulation in the cryptocurrency market place.

&ldquoI think Angelina&rsquos decision to join us is a signal that the global markets are shifting focus to the swiftly-expanding domain of crypto-coins,&rdquo said Arthur Hayes, BitMEX CEO and co-founder. &ldquoAngelina&rsquos vast knowledge in regulation, trading platforms, business development, restructuring, and investor and stakeholder relations will be pivotal as we continue the push towards mainstream cryptocurrency adoption and broaden our community.&rdquo Kwan brings vast experience in each regulation and conventional finance, Hayes added.

hong kong
Hong Kong | Supply: Shutterstock

Kwan, who spent eight years at the Securities and Futures Commission of Hong Kong, brings much more than 24 years of encounter in leadership roles for financial items in Asia and the United States. She has worked at international financial services firms, covering retail securities trading and asset management.

&ldquoMy most memorable accomplishments &mdash from successfully restructuring and relisting a bankrupt economic services organization, spearheading the establishment of new operations or organizations, to serving on a number of boards and committees &mdash have been joining organizations that are at the cusp of creating a key breakthrough, so it&rsquos with a sense of excellent excitement that I take on the challenge of driving BitMEX to new industry heights,&rdquo Kwan mentioned. &ldquoIn addition to getting a accurate marketplace leader amongst trading platforms, BitMEX shares my worth of gender inclusion, particularly in STEM fields. Cryptocurrency markets present an thrilling new opportunity for ladies to get involved in the intersection of finance and technologies, two fields in which they are chronically beneath-represented.&rdquo

BitMEX Rides Significant Development

In the third quarter of 2018 alone, BitMEX broke the business record for 24-hour bitcoin trading volume on two separate occasions.

BitMEX not too long ago occupied Cheung Kong Center&rsquos 45th floor, a single of the most costly offices in the globe, with an typical per-square-foot rent of $28.66, which is a lot more than nine occasions that of the $3.18 the organization was paying at its earlier headquarters in Hong Kong&rsquos Victoria Harbor, a warehouse district.&nbspThe organization&rsquos expansion plans brought on it to demand the entire floor, rather than the half-floor it had initially intended to occupy.

Photos from Shutterstock

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Published at Wed, 03 Oct 2018 01:15:09 +0000

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